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The company has announced it will shut one of its mines, the South Capel in southern WA, together with a synthetic rutile plant there, in October. We don't believe the closures will have a material effect on Iluka's business as it already has plenty of spare capacity in what has been a slack year for mineral sands demand. Our ACCUMULATE recommendation stands.

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I know you guys don't cover ILU. I personally don't follow either but seeing that the share price has risen from about $4.50 to $17.50 in the time of one year. Am interested to understand what has happened to contribute to this, any thou...

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